The Downtownwaterfront Business Improvement Dist Inc of Yonkers Ny
Nonprofit profile at a glance
- EIN
- 320000310
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Yonkers, NY, USA
- Phone
- 9149696660
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $1,780,609
- Expenses
- $1,864,604
- Assets
- $273,905
- Liabilities
- $148,428
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
14 people listed
Highest reported compensation
- SARA BRODY (EXECUTIVE DI): $128,050 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The yonkers downtown/waterfront business improvement district shall serve the special improvement district identified within its geographically specified bounds, the yonkers business community and the city of yonkers to formulate, promote and implement the economic revitalization and general welfare of the district and the city, promote and preserve the cultural, historic, tourist and civic interests of the district and the city; mobilize available public and private resources for these purposes; provide a mechanism by which service firms, retail establishments, property owners, employers, citizens, and others can cooperate to promote business opportunities, employment, consumer choices, shoppers' facilities, and the general civic interests; and aid, work with, and participate in the activities of other organizations, individuals and public and private entities within and outside the city engaged in similar activites.
What it reported doing in 2025
The bid delivers services such as public safety and visitor services, marketing and promotional programs, capital improvements and beautification in downtown waterfront yonkers district. The services provided are supplemental to the service provided to the district by the city of yonkers.
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 18
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.8%; rating input score 94
- Program expense ratio: 89.6%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.7%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 0.15; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 0.54; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 6.9%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: 10.8% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 7.8% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 3.5% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 93.8% of revenue deployed · 89.6% of spending went to programs
- Governance: 13 of 13 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.7M in reported program spending
- Leadership: top reported pay $128K · 14 people listed
- Highest-paid contractors: 2 contractors listed · $298K reported
- Consistency: 29 of 29 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 20/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.